Lietuvos bankas: developing digital collector coin 'possible'

The Bank of Lithuania says that last weekend's hackathon showed that it is possible to develop a digital collector coin, informs LETA/BNS.

"In
principle, it seems to be possible technically. This is a very preliminary
assessment. It will take time to look at all aspects, especially security
issues," Egidijus Paleckis,
head of the Policy, Issue and Control Division at the central bank, said.

DLTeam, a team of IT developers from Ukraine, won the hackathon. Teams
from Lithuania and Cyprus also took part.

The central
bank will now decide if to develop a digital coin. The project might take three
to four months to complete and cost 60,000 to 70,000 euros.

The digital
coin would mark the centenary of the restoration of Lithuania's statehood.

2019 –Another year of consumption changes: Danish example New Year is a time for various kinds of reflections, assessments and calculations. As soon as the BC’s readers are generally entrepreneurs and decision-makers, let’s see what changes appeared in Denmark during last two decades. That’s going to stimulate business in the Baltics…